Sit Investment Associates Inc. lowered its holdings in ClearBridge American Energy MLP Fund Inc. (NYSE:CBA) by 42.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 633,044 shares of the investment management company’s stock after selling 463,714 shares during the quarter. Sit Investment Associates Inc.’s holdings in ClearBridge American Energy MLP Fund were worth $5,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Advisors Asset Management Inc. boosted its holdings in ClearBridge American Energy MLP Fund by 1.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,143,648 shares of the investment management company’s stock valued at $9,801,000 after purchasing an additional 16,326 shares during the period. Terril Brothers Inc. boosted its holdings in ClearBridge American Energy MLP Fund by 1.5% in the 3rd quarter. Terril Brothers Inc. now owns 651,356 shares of the investment management company’s stock valued at $5,582,000 after purchasing an additional 9,800 shares during the period. Royal Bank of Canada boosted its holdings in ClearBridge American Energy MLP Fund by 31.8% in the 2nd quarter. Royal Bank of Canada now owns 527,416 shares of the investment management company’s stock valued at $4,741,000 after purchasing an additional 127,287 shares during the period. City of London Investment Management Co. Ltd. boosted its holdings in ClearBridge American Energy MLP Fund by 21.0% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 477,963 shares of the investment management company’s stock valued at $4,103,000 after purchasing an additional 83,072 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in ClearBridge American Energy MLP Fund by 1.2% in the 2nd quarter. HighTower Advisors LLC now owns 355,308 shares of the investment management company’s stock valued at $3,195,000 after purchasing an additional 4,370 shares during the period. 20.95% of the stock is owned by hedge funds and other institutional investors.

In other ClearBridge American Energy MLP Fund news, insider Chris Eades acquired 3,140 shares of the business’s stock in a transaction on Monday, December 11th. The stock was purchased at an average price of $8.01 per share, with a total value of $25,151.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of ClearBridge American Energy MLP Fund Inc. (NYSE CBA) opened at $9.34 on Friday. ClearBridge American Energy MLP Fund Inc. has a twelve month low of $6.94 and a twelve month high of $10.54.

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About ClearBridge American Energy MLP Fund

ClearBridge American Energy MLP Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return, with an equal emphasis on current distributions and capital appreciation. The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) in the energy sector.

Want to see what other hedge funds are holding CBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ClearBridge American Energy MLP Fund Inc. (NYSE:CBA).

Institutional Ownership by Quarter for ClearBridge American Energy MLP Fund (NYSE:CBA)

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